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07 Apr, 2025
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Leading Independent Third-Party Proxy Advisors Recommend Dynacor Shareholders Vote Against Changing Board Size and Against Election of the Dissident’s Nominee using only the Gold Proxy
@Source: financialpost.com
Although ISS and Glass Lewis recommended against Management’s resolution to have the Dissident pay for the costly fees of this unnecessary Requisitioned Meeting, they both question the urgency. Dynacor believes that its shareholders should not have to bear the costs of the Dissident’s actions, especially when Dynacor’s annual meeting is in June, and the Dissident could have waited to have their resolutions included in this meeting instead. The Dissident’s impatient actions clearly show its motivation is self-serving. “We welcome ISS’ and Glass Lewis independent validations that the Dynacor Board is best placed to continue driving shareholder growth while protecting the interests of all shareholders,” said Jean Martineau, CEO & President of Dynacor. “Their analyses recognize our need for the capital raise and its market-typical terms. We are confident that our shareholders will follow their informed recommendation to vote the GOLD Proxy to protect the future of Dynacor against iolite’s self-serving agenda.” How to Vote Shareholders are urged to vote the Dynacor management GOLD Proxy well in advance of the voting deadline of 5:00 p.m. (Eastern time) on Friday, April 11, 2025. The Meeting is scheduled to take place on April 16, 2025. Due to the essence of time, Shareholders are urged to vote online by following the instructions found on the GOLD Proxy. Vote using only the GOLD Proxy and discard the Dissident’s blue proxy. If you have already voted using the Dissident’s blue proxy, you may recast your vote using the GOLD Proxy. The later dated GOLD Proxy will be the vote that counts. Shareholder Questions Shareholders who have questions or require assistance with voting their Gold Proxy may contact Dynacor’s proxy solicitation agent: Laurel Hill Advisory Group: Toll-Free: 1-877-452-7184 (Toll-Free in North America) International: 1-416-304-0211 (for shareholders outside Canada and the United States) By email: assistance@laurelhill.com. About Dynacor Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The company plans to expand to West Africa and within Latin America.
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